Ukay Business 3: UKAY IS OKAY BUSINESS FOR OFWS AMID CRISIS

UKAY IS OKAY BUSINESS FOR OFWS AMID CRISIS
By: MARK J. UBALDE, GMANews.TV

MANILA, Philippines - In these dire times, it’s okay for overseas Filipinos to invest in ‘ukay-ukay’ (rummage / surplus stores).

This was the advice of economist Federico Macaranas for overseas Filipino workers (OFWs) who want to go into business despite a gloomy economic climate.

“It is a nice opportunity for you in this recessionary time it would be in food, ukay-ukay, and all cheaper goods that poorer people would buy," Macaranas told GMANews.TV in an interview.

Macaranas, who is also executive director of the Asian Institute of Management Policy Center, explained that the ukay-ukay will be a hit among frugal Filipinos, especially as Christmas day draws near.

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